Business Highlights

Wednesday, 11 September 2019 (3 days ago)___

OxyContin maker reaches tentative opioid-crisis settlement

HARTFORD, Conn. (AP) — Nearly half the states and some 2,000 local governments have agreed to a tentative settlement with OxyContin maker Purdue Pharma over the toll of the nation's opioid crisis. Arizona Attorney General Mark Brnovich said the agreement reached Wednesday included more money from the family that owns Purdue than had been offered previously. Sources say that Stamford, Connecticut-based Purdue will pay up to $12 billion over time and that the Sackler family will give up control of the company.

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Spokesman: Oil tycoon T. Boone Pickens dies at age 91

OKLAHOMA CITY (AP) — T. Boone Pickens, who amassed a fortune as an oil tycoon and corporate raider and gave much of it away as a philanthropist, has died. He was 91. Pickens was surrounded by friends and family when he died of natural causes under hospice care at his Dallas home, spokesman Jay Rosser said. Pickens suffered a series of strokes in 2017 and was hospitalized that July after what he called a "Texas-sized fall."

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Government will propose banning flavors used in e-cigarettes

WASHINGTON (AP) — President Donald Trump says his administration will propose banning thousands of flavors used in e-cigarettes to curb a surge in underage vaping by US teenagers. Federal health officials say the government will develop guidelines to remove all e-cigarette flavors from the market except tobacco. A flavor ban would represent a huge blow to the vaping industry, including multibillion dollar companies like Juul, which sells fruit and dessert-flavored nicotine vapes.

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UK govt: Businesses not ready for no-deal Brexit

LONDON (AP) — The British government says U.K. citizens and businesses are not prepared for leaving the European Union...

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